Treasurer Josh Frydenberg said banks must explain themselves to customers. Picture: Kym Smith
Business

Proof this big bank is gouging you and their excuse for hiking interest rates doesn’t pan out

WHEN this big bank hiked its mortgage interest rates yesterday, it blamed the higher costs passed on by global markets. But there’s just one problem — it’s not entirely true. The money they’ll now rake in from raising interest rates for home owners is double what they actually need. ANZ and CommBank yesterday lifted rates […]